The Impact Of Listed Company+PE M&A Fund On Enterprise M&A Performance

With the gradual improvement of domestic market and macro policies,more and more industries have the demand of industrial integration and upgrading and improving industrial concentration.The problems of insufficient information and M & a funds in the process of M& A make the upgrading of industrial M & A of companies have great risks.The M & A fund established and PE Institutions for M & A can better manage the company with the help of PE Institutions’ rich M & A experience,so as to improve the company’s management level,optimize the strategic layout,and improve the efficiency and success rate of M & A.After the success of Silicon Valley paradise and Dakang animal husbandry through the establishment of M & A fund,this new M & a method has been tried by many listed companies.Listed companies use PE Institutions’ rich M & A experience,high-quality capital sources and efficient management synergy to ensure the efficiency and effect of industrial M & A,so as to promote the coordinated development of their own industries.Under the mode of listed company + PE M & A fund,how to achieve M & a performance and the impact of M & A fund on M & a performance are the key to the success of this M & a model,which is specifically reflected in the preparation stage,investment stage,post investment management and exit stage of M & A fund,but there are also some cases of failure and becoming zombie funds.Therefore,on the basis of reviewing the process of establishing Huatai Ruilian M & A fund to acquire up chemical company of Korea(hereinafter referred to as up Chemistry),this paper explores the motivation of selecting Huatai Ruilian M & A fund to establish M & A,and analyzes the impact of Huatai Ruilian M & A fund on enterprise M & a performance through financial performance and non-financial performance,which can provide reference for enterprise M & A fund,Better realize the performance of enterprise M & A.By reviewing and summarizing the relevant research of domestic and foreign scholars on M & a funds,this paper lays a theoretical foundation for the study of the case of Jacques technology establishing M & a funds.By studying the reasons why Jacques technology established M & A fund for M & A,this paper analyzes the paths and ways that Huatai Ruilian M & A fund affects the M & a performance of Jacques technology.The basic framework of this paper includes six parts.The basic framework of this paper includes six parts.The first is the introduction,including the research background and significance,the summary of research results at home and abroad,as well as research ideas and methods.The second part is the theoretical introduction of listed enterprises + PE M & A fund,which introduces the basic definition and characteristics of listed enterprises + PE M &A fund,the motivation of listed companies to implement M & a through the establishment of M & A fund,the operation process of M & A fund and its impact on M & a performance.The third part is the case introduction of the merger and acquisition of up chemistry by Yake technology’s M & A fund.Firstly,it introduces the merger and acquisition parties,market environment and industry background;From the perspective of the status of up chemical enterprises and the demand of up chemical industry;Then it introduces the process of establishing M & A fund to acquire up chemistry by Jacques technology,and identifies the role of M & A fund in the M & a process.The fourth part first analyzes the reasons why Jacques technology adopts M & A fund for M & A,and then evaluates and analyzes the M &a performance of Jacques technology M & A from multiple dimensions such as finance,customers,internal processes,innovation and learning.The fifth part is to analyze the mechanism of the impact of Huatai Ruilian M & A fund established by Jacques technology on the performance of M & A,that is,the path and way of the impact of M & A fund on the performance of M & A.Specifically,before M & A,the M & a foundation helps enterprises improve their strategic layout and avoid early M & A risks;In the process of M & A,the M &a foundation introduces high-quality investors and selects M & A targets with synergistic effect with Jacques technology;After the M & A is completed,the M & a foundation cultivates the M & A targets and helps enterprises complete the integration.The sixth part is the summary and Enlightenment of the full text.It can be seen that the way of listed company+ PE M & A fund can not only reduce the M & a risk,but also accelerate the transformation of listed companies and promote the development of M & a market.But at the same time,we should also pay attention to: first,listed companies should reasonably choose M & A methods according to their own conditions;Second,listed companies should choose to cooperate with PE Institutions with the same strategic objectives;Third,listed companies should establish a restraint mechanism to distinguish the rights and obligations involved and better avoid the risk of M & A.